Market Structure Insights
December 14, 2016
We’re in New York hoping to run into Janet Yellen because today the Federal Reserve probably raises rates. In December last year the Fed hiked, and markets jumped – and then imploded. Worst January start ever for the stock market. If you’re not right now...
December 7, 2016
I find myself in an uncomfortable position. I’m siding with a high-frequency trader. There’s a key lesson here for investor-relations professionals about how prices are set, and it dovetails with why the bulk of volume concentrates around the open and close. The title of this...
November 30, 2016
Are you a Counting Crows fan? Karen and I saw the band years ago at Red Rocks, our fabled foothills venue. Front man Adam Duritz lived, he said, in Denver as a child. One great song goes, “It’s a long December and there’s reason to...
November 23, 2016
Editorial Note: Happy Thanksgiving! We hope you reflect gratefully this season, as we will. And speaking of reflecting, you might think with markets hitting new all-time highs after the election that we’ve beaten a retreat (what the military calls without irony “advancing to the rear”)...
November 16, 2016
Karen and I are in Playa del Carmen, having left the US after the Trump election. Just kidding! We’re celebrating…Karen’s 50th birthday first here on the lovely beaches of Quintana Roo and next in New York where we go often but never for fun. This...
November 9, 2016
Power changed hands in the USA today. I don’t know in what way yet because I’m writing before election outcomes are known, and about something for the market that will be bigger than which person sits in the oval office or what party holds congressional...